Frasers Group, the British parent of Sports Direct, announced that it has entered into a new term loan and credit facility with its bankers that allows it to borrow up to an aggregate amount of £930 million (€1,093m-$1,237m) over the next three years, with an option to extend it for a further one or two years. The new facility, which replaces the company’s existing £930 million facility, has an accordion option to increase the borrowing capacity to £1.2 billion (€1.4bn-$1.6bn). Separately, after almost daily transactions in its own shares, the company also said that its capital consisted at the end of November of 640,602,369 ordinary shares, 137,567,115 of which were held as treasury shares, and that the total number of voting rights in the company was 503,035,254. The number of treasury shares was up from 134,676,775 declared at the end of October.

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